Fuzzy Monkey Technologies, Incorporated purchased as a long-term investment $240 million of 6% bonds, dated January 1 , on January 1, 2024. Management intends to have the investment avaliable for sale when circumstances warrant. When the company purchased the bonds, management elected to account for them under the fair value option. For bonds of similar risk and maturity the market yield was 8%. The price paid for the bonds was $219 million. Interest is recelved semiannually on June 30 and December 31 . Due to changing market conditions, the fair value of the bonds at December 31,2024 , was $230 million. Required: 1. to 3. Prepare the relevant journal entries on the respective dates (record the interest at the effective rate). 4.a. At what amount will Fuzzy Monkey report its investment in the December 31,2024 , balance sheet? 4-b. Prepare the journal entry necessary to achieve this reporting objective. 5. How would Fuzzy Monkey's 2024 statement of cash flows be affected by this investment assuming Fuzzy anticipates holding these. investments for a sufficiently long period? (f more than one approach is possible, Indicate the one that is most likely)